The “new globalization” made it “triumphant entry” onto the global stage, beginning

in 1990. Emboldened by the collapse of Stalinist socialism and the “victory” of

capitalism, the “new globalization” moved like a whirlwind across the successor

Soviet states, the former Stalinist states of Central and Eastern Europe, the People’s

Republic of China, Vietnam and the rest of the world incorporating these and other

areas that were hitherfore outside of the ambit of the global capitalist order.